Choosing the variables to estimate singular DSGE models: Comment

Nikolay Iskrev and Joao Ritto

MPRA Paper from University Library of Munich, Germany

Abstract: In a recent article Canova et al. (2014) study the optimal choice of variables to use in the estimation of a simplified version of the Smets and Wouters (2007) model. In this comment we examine their conclusions by applying a different methodology to the same model. Our results call into question most of Canova et al. (2014) conclusions.

Keywords: DSGE models; Observables; Identification; Information matrix; Cramér-Rao lower bounds (search for similar items in EconPapers)
JEL-codes: C1 C9 E32 (search for similar items in EconPapers)
Date: 2016-08
New Economics Papers: this item is included in nep-dge, nep-ecm and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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https://mpra.ub.uni-muenchen.de/72870/1/CommentCFM.pdf original version (application/pdf)

Related works:
Working Paper: Choosing the variables to estimate singular DSGE models: Comment (2014)
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